Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Office
Birch Group, Hospital for Special Surgery ink 40,000 sq. ft. office lease in Paramus

The Birch Group has leased more than 40,000 square feet of office space in Paramus to the Hospital for Special Surgery, in one of five newly announced deals by Cushman & Wakefield.

Top News
Senlac rebrands as GreenBarn Investment Group, adds Schonbraun as managing partner

The Morristown-based firm known as Senlac Ridge Partners is now GreenBarn Investment Group, while it has added a commercial real estate industry veteran as a managing partner.

Residential & Mixed Use
Team behind Hoboken’s ‘Wonder Lofts’ opens new ground-up condo building

A development team has unveiled a new condominium building across from Hoboken’s Wonder Lofts, a historic industrial building that’s now home to dozens of upscale residences.

Professional Services
Kislak honors top producers in sales, leasing categories during annual awards program

The Kislak Co. Inc. highlighted four of its top producers recently during its annual awards program, where it also marked a year with more than $1 billion in total sales volume.

Health Care & Education
CBRE: Vacancy in New Jersey lab, R&D space ticks down, with large users still in the market

The stock of available life sciences space in New Jersey continues to shrink, despite some headwinds, following strong activity in 2022 and what’s likely to be ongoing demand.

Deals
NAI Hanson inks sale of parking lot, would-be development site in downtown Newark

A prospective developer has acquired a parking lot in Newark’s growing Lincoln Park neighborhood, in a recent deal by NAI James E. Hanson.

Industrial
Reusable grocery bag maker takes 11,000 sq. ft. in Somerset, BRC says

A maker of reusable grocery bags has leased 11,000 square feet of warehouse space in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Professional Services
Ware Malcomb promotes Rodgers to director of public relations, communications

Design firm Ware Malcomb has elevated Maria Rodgers to director of public relations and communications, marking her second promotion since the start of last year.

Professional Services
Interiors firm dancker acquires Maryland-based workplace technology company

dancker, the Somerville-based interior solutions firm, has expanded its platform with the acquisition of a workplace technology integrator.

Office
Commvault to sell Fort Monmouth headquarters for $40 million, lease back ‘small footprint’

Data management giant Commvault is selling and leasing back a fraction of its 275,000-square-foot headquarters in the Tinton Falls section of Fort Monmouth, it said this week.